£43.0m acquisition of five crematoria locations from Co-op Funeralcare
On 31 May 2016 Dignity announced the acquisition of five crematoria operated by Funeral Services Limited (trading as Co-op Funeralcare) for total cash consideration of £43.0m.
These crematoria are located in markets not served by existing Dignity crematoria. Of the crematoria acquired, three locations are freehold (Glasgow, Sheffield and Lichfield), with the other two leased from and managed on behalf of Local Authorities (Shropshire and Stockport).
Panmure Gordon Role: Panmure Gordon acted as joint financial adviser and joint broker to the Company